Jan 31 (Reuters) - Australia's AWE Ltd AWE.AX said on Wednesday it would give suitor Mineral Resources MIN.AX the opportunity to sweeten its A$0.83 per share takeover offer, after Japan's Mitsui & Co's offer for the gas producer, which was nearly 15 percent higher.
AWE said in a statement it has issued a notice to Mineral Resources notifying the same, which gives Mineral Resources three business days to match the Mitsui Proposal, expiring on Feb. 2.
AWE said it would enter into a bid implementation deed with Mitsui if Mineral Resources didn't match its offer. The board would continue recommending the Mineral Resources offer during the period, it added.